Bowley's Law
Bowley formulated Bowley's law, which says that the proportion of GNP from labor is constant.
Read more about this topic: Arthur Lyon Bowley
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“To expect to increase prices and then to maintain them at a higher level by means of a plan which must of necessity increase production while decreasing consumption is to fly in the face of an economic law as well established as any law of nature.”
—Calvin Coolidge (1872–1933)
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